top of page
Top Stories
FIXED INCOME TRADING HITS ₦1.06 TRILLION IN ONE DAY — CBN OFFERS ₦1 TRILLION T-BILLS WEDNESDAY TO DRAIN LIQUIDITY
Record single-day turnover driven by Treasury Bills at ₦668bn; OMO yields reach 22%; auction size doubled from ₦450bn Nigeria's fixed income market recorded a single-day trading volume of ₦1.06 trillion on June 4, 2026 — its highest turnover in recent memory, driven by aggressive institutional demand for short-term government debt instruments across 551 executed trades, according to data from the Central Bank of Nigeria's official Fixed Income Dashboard. Treasury Bills captur
2 days ago2 min read
Breaking
Business
FIXED INCOME TRADING HITS ₦1.06 TRILLION IN ONE DAY — CBN OFFERS ₦1 TRILLION T-BILLS WEDNESDAY TO DRAIN LIQUIDITY
Record single-day turnover driven by Treasury Bills at ₦668bn; OMO yields reach 22%; auction size doubled from ₦450bn Nigeria's fixed income market recorded a single-day trading volume of ₦1.06 trillion on June 4, 2026 — its highest turnover in recent memory, driven by aggressive institutional demand for short-term government debt instruments across 551 executed trades, according to data from the Central Bank of Nigeria's official Fixed Income Dashboard. Treasury Bills captur
2 days ago2 min read
UNITED NIGERIA AIRLINES SIGNS DEAL TO BUILD AIR BISSAU — GUINEA-BISSAU'S NATIONAL CARRIER
MoU signed in Bissau; Nigerian airline to provide aircraft, management and majority investment; 18-month agreement effective immediately United Nigeria Airlines has signed a Memorandum of Understanding with the Government of Guinea-Bissau to establish and operate Air Bissau as the West African nation's national carrier, creating a joint venture in which the Nigerian airline will provide the majority of financial investment, operational expertise, aircraft, and management. The
2 days ago1 min read
LAGOS DISBURSES ₦5 BILLION TO COOPERATIVE-BASED SMALL BUSINESSES UNDER LASMECO SCHEME
State-BOI facility targets SMEs facing commercial credit squeeze; programme adopted as national MSME financing model The Lagos State Government has disbursed ₦5 billion in counterpart funding to cooperative-based micro, small and medium enterprises across the state, as the government moves to shield its vital small-business sector from a severe credit squeeze caused by persistently high commercial interest rates. The disbursement was confirmed by Folashade Ambrose-Medebem, Co
2 days ago1 min read
UNITED CAPITAL SECURES EAST AFRICA LICENCES — ENTERS RWANDA AND ETHIOPIA
Nigerian investment firm becomes latest financial institution to expand beyond West Africa; Rwanda and Ethiopia markets targeted United Capital Plc, one of Nigeria's leading investment banking and financial services firms, has secured operating licences in Rwanda and Ethiopia, becoming the latest Nigerian financial institution to expand its footprint into East Africa as the continent's fastest-growing economies attract increasing Nigerian financial sector interest. United Cap
2 days ago1 min read
Economy
BANKS EARN ₦225BN FROM ATM AND E-BANKING CHARGES IN THREE MONTHS — ACCESS HOLDINGS LEADS AT ₦85.5BN
Q1 2026 data: e-banking revenue up 12.56%; account maintenance charges hit ₦209bn; Fidelity Bank posts 164.9% growth Nigerian banks generated ₦224.69 billion from ATM transactions, card management fees, and electronic banking services in the first three months of 2026, sparking fresh concerns among customers who question why charges continue to rise even as banks post record revenues from digital services. Access Holdings led the industry by a significant margin, earning ₦85.
2 days ago2 min read
PETROL COULD FALL TO ₦900/LITRE AS US AND IRAN SIGN PEACE DEAL, HORMUZ SET TO REOPEN
Brent drops below $83 after ceasefire confirmed Sunday; Dangote cautions on timing due to existing crude stocks Petrol prices in Nigeria could drop to as low as ₦900 per litre in the coming days following the signing of a peace agreement between the United States and Iran on Sunday, which triggered a sharp decline in global crude oil prices and set in motion plans to reopen the Strait of Hormuz. Brent crude futures fell 4.8% to $83.10 per barrel as markets reacted to the US-I
2 days ago2 min read
BENUE STATE SIGNS ELECTRICITY LAW — BECOMES LATEST STATE TO CLAIM POWER SECTOR INDEPENDENCE
Governor Alia signs bill into law; state joins growing list pursuing electricity autonomy under constitutional amendment Benue State Governor Hyacinth Alia has signed the Benue State Electricity Law into effect, formally establishing the state's independent electricity regulatory framework and making Benue the latest Nigerian state to exercise its constitutional authority over its own power generation, transmission, and distribution. The signing follows months of legislative
2 days ago1 min read
OIL DROPS 20% FROM 2026 PEAK ON IRAN CEASEFIRE TALKS — ANALYSTS SAY $90–$100 RANGE AHEAD
Brent at $97, WTI at $87 as MoU negotiations progress; Iran strikes Kuwait despite talks; supply disruption persists Global oil prices retreated almost 20 per cent from their 2026 wartime peak last week, with Brent crude falling to around $97 per barrel and WTI to $87, as markets responded to diplomatic progress between the United States and Iran toward a 60-day ceasefire extension, though analysts cautioned that the underlying supply disruption from the Strait of Hormuz rema
5 days ago2 min read
Tax
Sep 24, 20252 min read
Sep 24, 20251 min read
Nigeria
World
bottom of page